U.S. Dollar Strengthens Amid Iran Conflict and Fed Rate Speculation
The U.S. dollar has risen to its highest level since early April, driven by geopolitical tensions with Iran and speculation about potential interest rate hikes by the Federal Reserve. Iran's Revolutionary Guard reportedly targeted a U.S. airbase, escalating tensions and boosting demand for the dollar as a safe-haven asset. Meanwhile, the Federal Reserve's hawkish stance, as indicated by recent statements from FOMC members, is contributing to expectations of future rate hikes, further supporting the dollar's strength. 
